Video: Eid Amid Conflict, Energy Ministry Ensures Fuel, LPG and Electricity Stocks Are Secure
Jakarta, CNBC Indonesia—The escalating conflict between Iran, the United States and its ally Israel has caused significant volatility in global crude oil prices. Following Israel’s attack on Iran on 28 February 2026, which resulted in the closure of the Strait of Hormuz, disruptions to tanker movements for fuel and LPG shipments, as well as general cargo trade, have driven global oil prices sharply upward and disrupted supply and logistics chains.
As a crude oil importer, Indonesia has felt the impact of these supply disruptions and rising global crude oil prices. The spokesperson for the Ministry of Energy and Mineral Resources (ESDM), Dwi Anggia, stated that these conditions have pushed oil prices to USD 100 per barrel, well above the 2026 state budget assumption of USD 70 per barrel.
Despite the surge in global oil prices, the government has assured that subsidised fuel prices will not increase during the Eid holiday period and that fuel stocks and distribution will be maintained at adequate levels. Dwi Anggia noted that Indonesia’s energy reserves exceed the national minimum energy reserve standard of 21 days, and the stock replenishment system is guaranteed to continue through both domestic supply and imports.
The ESDM has explained that crude oil imports from the Middle East passing through the Strait of Hormuz account for only 20 per cent of Indonesia’s supplies, meaning that import sources from African countries, Brazil and the United States can adequately meet demand.
In preparation for Eid al-Fitr 1447 Hijra, the government has established a National Energy Sector Task Force to oversee energy supply (fuel, LPG and electricity) to ensure sufficient stocks and distribution of fuel and LPG.
A detailed discussion on ESDM’s explanation regarding energy stocks and supplies amid Middle Eastern geopolitical tensions features Syarifah Rahma in dialogue with ESDM spokesperson Dwi Anggia on Squawk Box, CNBC Indonesia (Wednesday, 11 March 2026).